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Dec 26, 2012
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president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is closed today for boxing day as are some of the former brish colonies. in europe the dax down about there about 35 points, around half a percent. and overnight
president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check...
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Dec 28, 2012
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president obama will meet with congressional leaders again today i
president obama will meet with congressional leaders again today i
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Dec 3, 2012
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meanwhile president obama and michelle obama paid tribute to this year's recipients of the kennedy honors. they're recognized for contributions to the arts. >> when the brits in additionally kept their distance, led zeppelin grabbed america from the opening. we were ready for what jimmy called songs with a lot of light and shape. it's been said that a generation of young people survived teenage angst with a pair of head phones and a zeppelin album and a generation of parents wondered what all that noise was about. >>> in the united states today, november ism manufacturing index out at 10:00 eastern. forecast for a reading of 51. also october construction spending. expected to rise half a percent. and james bullard speaks about the monetary policy at 1:40 p.m. a pretty light day for earnings. look for results from pep boys. they are after the close. as far as u.s. futures are concerned right now, we are implied for an upward start. s&p 500 called up 1.5 points, nasdaq 20. dow has been down last two months #%. nasdaq up about 1%. s&p up 0.3%. singapore airlines has confirmed it's in talks t
meanwhile president obama and michelle obama paid tribute to this year's recipients of the kennedy honors. they're recognized for contributions to the arts. >> when the brits in additionally kept their distance, led zeppelin grabbed america from the opening. we were ready for what jimmy called songs with a lot of light and shape. it's been said that a generation of young people survived teenage angst with a pair of head phones and a zeppelin album and a generation of parents wondered what...
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Dec 18, 2012
12/12
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moving closer to a deal, reports say president obama makes a new fiscal cliff offer to house speaker john boehner, giving in a little on taxes, but standing his ground on the debt ceiling. >>> general electric is reportedly on the verge of buying italian space firm avi oi. >>> and india's central bank stands pat despite consistent calls for a rate cut. but the rbi is saying its focus is now normally on boosting growth. >>> well, it's been a rel ofly good year for stocks in europe. adding about .3%. advancers mostly outpacing decliners on the index this morning. if we can zero in on the bourses, it's largely green behind me. the fits fits mib is atting .6%. the ibex in spain, up 0.8%. and the ftse up about 0.3%. now, some company-specific news this morning, fin mechanica saying shares up 2.4%. this on news they're set to buy sge-avio. safran is also a company considering that change. let's take a quick look at the bond space. we'll get a sense of the kind of trade we're seeing shaping up. it is consistent with flows into the periphery, perhaps out of the core and the risk on move gene
moving closer to a deal, reports say president obama makes a new fiscal cliff offer to house speaker john boehner, giving in a little on taxes, but standing his ground on the debt ceiling. >>> general electric is reportedly on the verge of buying italian space firm avi oi. >>> and india's central bank stands pat despite consistent calls for a rate cut. but the rbi is saying its focus is now normally on boosting growth. >>> well, it's been a rel ofly good year for...
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Dec 10, 2012
12/12
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president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
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Dec 17, 2012
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there is a suspicion that barack obama doesn't mind going over the fiscal cliff. the republicans will then have to make a positive case for tax breaks for the super rich. so they suspect that he has nothing to lose for going over the cliff. >> he'll blame it all on -- >> he will blame it all on them. and the republicans are going to make a separate case for tax relief for the wealthy. given that he won the election, they're worried that he is in a much, much stronger position. >> meanwhile, newtown, connecticut, 26 people were killed including 20 children before the gunman killed himself. speaking at an inner faith service, the president noted this was the fourth time he's had to console a community during his time in office. and he demanded changes in the way the u.s. deals with gun violence. >> we will be told that the causes of such violence are complex, is and that is true. no single law, no set of laws can eliminate evil from the world or prevent every senseless act of violence in our society. but that can't be an excuse for inaction. surely, we can do better
there is a suspicion that barack obama doesn't mind going over the fiscal cliff. the republicans will then have to make a positive case for tax breaks for the super rich. so they suspect that he has nothing to lose for going over the cliff. >> he'll blame it all on -- >> he will blame it all on them. and the republicans are going to make a separate case for tax relief for the wealthy. given that he won the election, they're worried that he is in a much, much stronger position....
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Dec 5, 2012
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today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
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Dec 14, 2012
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obama and boehner try to stall budget talks. shanghai shares see their biggest daily gain in more than thee years. and japan's business sentiment sours in the fourth quarter days after fresh elections. >>> u.s. officials have confirmed the nation is deploying patriot missiles and 400 troops to turkey to help the country against potential attacks in esyria. in egypt, sis citizens are preparing to vote t in first round of the referendum on president morsi's powers. for more, we are joined now by peter apps, political correspondent at reuters. peter, good morning. >> good morning. >> thanks for joining us. what are you expecting out of the vote this weekend which apparently is one out of two votes we're going to see on the constitution. >> i think the simplest thing is it will not solve anything. it's not clear at the moment how much of the opposition supporters are going to vote if in this referendum and how many are going to boycott it. what we know is whatever happens these protests are not going to stop. that's going to put mor
obama and boehner try to stall budget talks. shanghai shares see their biggest daily gain in more than thee years. and japan's business sentiment sours in the fourth quarter days after fresh elections. >>> u.s. officials have confirmed the nation is deploying patriot missiles and 400 troops to turkey to help the country against potential attacks in esyria. in egypt, sis citizens are preparing to vote t in first round of the referendum on president morsi's powers. for more, we are...
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Dec 20, 2012
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president obama has threatened to veto the bill. the president says he's puzzled by what's holding up budget talkes and that house republicans should stop trying to score a point against him. >> take the deal. you know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package, that we will have stabilized it for ten years. that is a significant achievement for them. they should be proud of it. but they keep on finding ways to say no as opposed to finding ways to say yes. >> senate minority leader mitch mcconnell says he believes a deal could be reached by the end of the week. how much of an impact will the fiscal cliff have on businesses? cnbc caught up with martin sorrell and asked him what he's expecting coming 2013. >> it toughened up as we started the year. we started with a budget revenue of 4%. having done 4% in the first quarter, we were feeling relatively optimistic and we said it would be better than the 4%. from then on, it started
president obama has threatened to veto the bill. the president says he's puzzled by what's holding up budget talkes and that house republicans should stop trying to score a point against him. >> take the deal. you know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package, that we will have stabilized it for ten years. that is a significant achievement for them. they should be proud of it. but...
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Dec 21, 2012
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bush and the left, if you want to call it that, the center left in the united states, obama has given away more middle class entitlements, the unfunded medicare stuff, things like that. it's partly about the fiscal cliff. it's more about what you guys call the fiscal bliss. >> we're hoping some deal can be struck. it shouldn't be overlooked that what is happening is what is happening in the national conversation about just how much ground americans want to give. you know, how much they want a model so much of what you're talking about in europe. these issues can't be raised separate from talking about, for example, the deficit, separate from talking about the economy because they really all do come together. >> right. and i think that was understood in constructing the constraints in the fiscal cliff because everybody has to give up something. if we go over the cliff, right? so there's across the board sequestration in defense and all kind of things the right doesn't want, either. furthermore, the revenue side is quite heavy in the fiscal cliff. that's why we think in the end they're
bush and the left, if you want to call it that, the center left in the united states, obama has given away more middle class entitlements, the unfunded medicare stuff, things like that. it's partly about the fiscal cliff. it's more about what you guys call the fiscal bliss. >> we're hoping some deal can be struck. it shouldn't be overlooked that what is happening is what is happening in the national conversation about just how much ground americans want to give. you know, how much they...
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Dec 19, 2012
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and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of concern to both sides. but i don't see any sweeping changes. >> what's interesting, frank, and you point this out, are comments we got out of china's commerce minister or commerce secretary suggesting concern about quantitative easing because it was lowering the value of the foreign reserves, the dollar reserves that china holds. so china's apparently looking to sort of diversify away from those reserves into more generating assets. but it's having difficulty doing so because the u.s., because a lot of nations have been reluctant to let them in. any sign that attitudes there may be starting to change, particularly in light of the candidate deal? >> yeah. i think the nexen deal was good for china. the prime minister made in t clear this is not the beginning of a new trend. he sai
and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of concern to both sides. but i don't see any sweeping changes. >> what's interesting, frank, and you point this out, are comments we got out of china's commerce minister or commerce secretary suggesting concern about quantitative...
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Dec 11, 2012
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while he disagrees with president obama's call to raise taxes on top earners, quote, the negotiations require a good and take. still to me it sounds like a lot of the same. but we'll leave it there. they will be leading off every hour with a special mission critical rise above report talking to lawmakers pushing them as to why there is no deal to avoid the fiscal cliff and explain what's at stake. i think they may be chasing people down the halls to some extent. >> to be a fly on the wall. >> i guess it's more. we will hear becky personally. >> becky will remind us what's going on today. a pen fee of them will go october trade sales. the like day for earning, that's due before the opening sales. >> always a good read. >>> protests in egypt's tahrir square turns to violence this morning with nine reportedly injured from an unknown gunman. we'll have the latest from cairo when we come back. >>> you are watching "worldwide exchange." these are your headlines. talks on the cliff seem to be advancing as the gop is ready to negotiate. >>> berlusconi sets up the rhetoric on monti. and hsbc s
while he disagrees with president obama's call to raise taxes on top earners, quote, the negotiations require a good and take. still to me it sounds like a lot of the same. but we'll leave it there. they will be leading off every hour with a special mission critical rise above report talking to lawmakers pushing them as to why there is no deal to avoid the fiscal cliff and explain what's at stake. i think they may be chasing people down the halls to some extent. >> to be a fly on the...